BEARISH CYPHER @ NIFTY

The 45 min nifty chart of previous 10 days shows a significant strong pattern setup of bearish cypher pattern . where the ab retracement leg is 50% of the impact leg xa and so the bc projection is almost 127% of ab, according the chart pcz is in between 9610 to 9661 where the 9660 to 9675 has been a important price action when the nifty was range bound which could subsequently become the resistance zone .